The Optimal Sequence of Prices and Auctions

Consider a monopolist seller who Fever must use posted prices and reserve price auctions to sell one unit of an indivisible good while buyers with independent private values arrive over time.Assume an auction costs more to the seller or to the buyers than a posted price.For a wide range of auction cost, the optimal mechanism sequence is a sequence

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A Time for Hope in Dark Times

This article explores the political importance of embracing a notion of hope in a time of growing authoritarianism across the globe.It defines hope as jumpers the ability to both mobilize what might be called a democratic imaginary and a notion of hope rooted in a realistic assessment of what it means to engage in forms of struggle for economic and

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Introducing untb, an R Package For Simulating Ecological Drift Under the Unified Neutral Theory of Biodiversity

The distribution of abundance amongst species with similar ways of life is a classical problem in ecology.The unified neutral theory of biodiversity, due to Hubbell, states that observed population dynamics may be explained on the assumption of per capita equivalence amongst individuals.One can thus dispense with differences between species, and di

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